Source: SBA.gov

Small Business Innovative Research (SBIR) Contract

A type of contract designed to foster technological innovation by small businesses with 500 or fewer employees. The SBIR contract program provides for a three-phased approach to research and development projects: technological feasibility and concept development; the primary research effort; and the conversion of the technology to a commercial application.

Updated on

September 9, 2022

Published on

June 20, 2018

SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.

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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.

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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Applicant/Co-Applicant

Business entity and person requesting...

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Contractor Team Arrangement

An arrangement in which...

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Accrual Basis Accounting

recognizes revenues when earned and expenses are...

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Limited Liability Entities (company/partnership)

An LLE provides business owners with...

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Certified 8(a) Firm

A firm owned and operated by socially and...

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Principal

the owner(s) of the Applicant Entity that...

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Assets

The amount of current assets that is left...

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Substantial Damage

This means uninsured or otherwise uncompensated...

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Applicant Individual

aka who is requesting an SBA loan...

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Credit Score Test

Part of the home loan CET show a...

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Extraordinary Items

Additional expenses that are...

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Emerging Small Business

A small business concern whose...

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Balance Sheet or Statement of Financial Position

Assets = Liabilities + Equity...

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Certificate of Competency

A certificate issued by the Small Bus...

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Contracting

Purchasing, renting, leasing, or...

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